Deka Immobilien acquires office building in London Victoria

21 September 2018

The office building was originally built in 1995 and has been comprehensively redeveloped to a high standard, completing in 2017. Victoria Station, one of London's most important transport hubs, is circa 100 metres away from the property. "Verde" has a lettable area of almost 30,000 sqm, which is let to 17 institutional tenants on a long-term basis.

The building has been certified with a BREEAM rating of "Excellent".

With this transaction, the fund management of WestInvest ImmoValue and Deka-ImmobilienEuropa is securing a high-quality and representative property in an up-and-coming London submarket. The quality of the property, the lease terms and the terms and conditions of the purchase agreement take account of the current discussion about Brexit. The funds are thereby developing towards the strategic target allocation ratio.

 
 

General Enquiries

Head Office London

 

Key Contacts

John Heaver

John Heaver

Director
International Investment

Head Office London

+44 (0) 20 7409 8786